Launch of Monochrome Ethereum ETF on Cboe Australia

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Launch of Ethereum ETF
  2. Monochrome Bitcoin ETF: IBTC
  3. Conclusion


    4. Monochrome, an Australian asset management firm, has applied for listing the Monochrome Ethereum ETF (IETH) on Cboe Australia. The ETF will provide Australian investors with exposure to Ethereum.

    Launch of Ethereum ETF

    Monochrome, in collaboration with Vasco Trustees Limited, has officially applied to list the Monochrome Ethereum ETF (IETH) on Cboe Australia. The new fund will offer Australian investors exposure to Ethereum, further strengthening Monochrome's presence in the Australian digital asset market. The IETH is expected to be available by late September 2024 and will be traded through major brokerage platforms. Unlike unregulated crypto investment methods, the IETH fund will be a fully regulated product designed to passively hold Ethereum, allowing both cash and in-kind transactions.

    Monochrome Bitcoin ETF: IBTC

    The application for the Ethereum ETF listing follows the launch of the Monochrome Bitcoin ETF earlier this year in June. Monochrome applied for listing with Cboe Australia, a global exchange platform. The IBTC is the first Australian Bitcoin ETF licensed under the Australian Financial Services License (AFSL) for retail crypto-assets. According to the monthly redemption and issuance notice, as of August 31, aside from the $1 million unlisted units, the total net asset value of the fund is $11,008,032.

    Conclusion

    The launch of Monochrome's new Ethereum ETF underscores the company's efforts to expand its digital asset offerings and provide investors with a broader range of regulated investment tools.

    The launch of Monochrome's new Ethereum ETF underscores the company's efforts to expand its digital asset offerings and provide investors with a broader range of regulated investment tools.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Circle Raises $100 Million from Binance through Share Sale

Circle has raised $100 million by selling shares to Binance as part of a commercial agreement to promote USDC.

user avatarNguyen Van Long

Circle and Binance Extend Partnership with New Agreement

Circle and Binance have renewed their partnership with a new agreement that replaces previous contracts. This arrangement allows Binance to hold shares in Circle while promoting the USDC stablecoin on its platform.

user avatarSatoshi Nakamura

Coincheck Group Announces Leadership Change

Coincheck Group has confirmed the resignation of Executive Chairperson Takashi Oyagi, effective September 21, for personal reasons, and has approved a new leadership transition structure.

user avatarJesper Sørensen

MEXC Launches Initiatives to Enhance Access to Financial Markets

MEXC has launched several initiatives, including the Trade Wall Street, Without Walls campaign, to enhance access to traditional financial markets.

user avatarRajesh Kumar

MEXC Introduces Stock Trading Handbook for Crypto Traders

MEXC has launched the Stock Trading Handbook to assist crypto traders in transitioning to the stock market as part of its Opportunity Compass initiative.

user avatarLucas Weissmann

KalshiEX Seeks Approval for Perpetual Security Futures

KalshiEX has filed a proposal with the SEC to introduce perpetual security futures linked to 58 stocks and ETFs.

user avatarFilippo Romano

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.